We often find ourselves struggling with mounting medical expenses due to known or unknown medical conditions as we age. This leads to a stressful situation as we risk draining our savings or retirement fund on the sky-high medical bills. To safeguard your interest, it is important to choose a reliable mediclaim policy, specially crafted for senior citizens of India.
We believe one of the safest ways is to invest in the government-backed National Insurance Varistha Mediclaim policy specifically designed for the senior citizens aged 60 and above. The policy comes loaded with a range of features and benefits that we will be discussing.
Eligibility for the Policy
Features of National Insurance Varistha Mediclaim
Benefits of National Insurance Varistha Mediclaim
Understanding the National Insurance Varisthamediclaim policy Premium Chart
Plan your finances in advance with the help of the below-mentioned Varistha Mediclaim premium chart. You will have to pay the required premium based on the sum insured, type of policy, and your age for this government mediclaim for senior citizens.
Please note, for fresh entrants to the National Insurance-Varistha Mediclaim policy, a 10% additional premium is payable. If you opt for the National Insurance Varistha Mediclaim policy online, you may check the Varisthamediclaim policy premium calculator to get a fair idea of the current applicable rates.
What’s covered in National Insurance Varistha Mediclaim?
What Is Not Covered In National Insurance Varistha Mediclaim?
The Varistha Mediclaim offered by National Insurance has an initial waiting period of 30 days in which only accidental injury is covered. Furthermore, the policy has a waiting period of 1 year for the following conditions -
Apart from the above, if the National Insurance Varishtha Mediclaim policyholder smokes more than 40 cigarettes a day, or consumes an equivalent amount of tobacco, he/she shall be excluded from the coverage.
With 6000+ network hospitals and the Incurred Claims Ratio of 114.24% (as per the latest Feb 2020 report), National Insurance Company’s Varistha Mediclaim Policy is an ideal choice for senior citizens with affordable premiums and comprehensive coverage to safeguard themselves from the perils of rising medical care expenses.
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